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Gold/Mining/Energy : Alternative Fuel Systems ATF:VSE

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To: devtan who wrote (755)4/8/1998 7:00:00 AM
From: Mark Bartlett  Read Replies (1) of 4605
 
Devtan,

My guess is we are likely reaching a near-term consolidation area. Between the week of March 23-30 the stock gapped from the 1.39 area to the 1.60 area .... gaps are almost backfilled (but not always) which means we might see the 1.30 area ... it is difficult to tell.

The stock is oversold as far as the RSI is concerned, but I do not place a lot of faith in RSI measurements at the moment - they work better IMO on more senior, less volatile stocks.

My best _guess ..... with no further news, I would expect we may backfill and then become range-bound in the 1.25 to 1.50 area ... but if there is some sort of news announcement, that will obviously affect this scenario.

MB
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